The period when interim and annual reports are released every year is actually the time for investors to discover dark horses. So how to capture the clues of the market makers from the interim report and win the market

1、 Judging from the number of circulating shareholders, most companies will disclose the number of shareholders holding the stock as of a certain period in their annual and interim reports to determine whether the banker is building a position. From this, we can understand the dynamics and intentions of the banker. For example, the 1999 annual report of Xinjiang Tunhe, a major stock market, showed that due to the listing of employee shares, the number of outstanding shares increased to 64.98 million, with a total of 13369 shareholders (as of December 31 of the same year). 64.98 million shares/13369 people=

4850 shares, meaning each shareholder holds an average of 4850 shares, the concentration of chips has once again increased. As of December 31, 1999, the overall market index was at 1356 points, and the stock price was 16.19 yuan. From the above numbers, it can be seen that during the six-month decline of the market, the market makers not only did not sell, but also continuously increased their positions. The company announced its annual report on March 28th this year, with a closing price of 19.33 yuan. Currently, the stock price is around 36 yuan. If interested investors could follow up in a timely manner, the profits would be very lucrative.

2、 Judging whether the market maker is withdrawing is completely opposite to the trend of Xinjiang Tunhe, which is Xining Special Steel. The stock had only 837 shareholders (to be verified) in its 1998 annual report, with 70 million circulating shares and a stock price of 17.40 yuan. By the end of 1999, the stock price was 7 yuan, and with the circulating share capital only doubling, the number of circulating shareholders surged to over 98000. During the repeated decline in stock prices within a year, the market makers completed the process of selling chips from concentration to dispersion. So much so that even in the recent hype surrounding steel stocks, the stock has failed to perform well.

In addition, investors should choose stocks with relatively low price increases when using Method 1, and should firmly avoid stocks with highly concentrated chips and prices that have risen to a considerable level.